Indian equity markets could remain range-bound in Tuesday's session as the Nifty faces a crucial resistance zone around 23,520-23,550 amid persistent geopolitical uncertainty and elevated energy prices. This comes as GIFT Nifty rises 0.34% to 23,519.50 after Brent crude fell below $100. According to Sudeep Shah, Head - Technical and Derivatives Research at SBI Securities, the 23,520-23,550 zone is likely to act as an important resistance area for the Nifty in the near term. "A sustained move above 23,550 could extend the ongoing pullback rally towards the 23,700 mark in the short term," Shah said. On the downside, the 23,330-23,300 zone is expected to provide crucial support. Shah said a breach below 23,300 could weaken the near-term structure and potentially result in the index resuming its corrective trend. Market participants are also keeping a close watch on crude oil prices and geopolitical developments, which could influence the sustainability of the recent re...
Scheduling congestion could force the Indian team to rest some of their players for the final two of their five ODIs against New Zealand later this year, according to a report. India are scheduled to play five T20Is, five ODIs and two Tests during a gruelling two-month tour of New Zealand. However, concerns have been raised over the scheduling of the series, with the Test leg set to begin just four days after the fifth and final ODI on November 15. According to a report in Dainik Jagran , the likes of Shubman Gill , Jasprit Bumrah , KL Rahul , Nitish Kumar Reddy, Prasidh Krishna , Kuldeep Yadav and Mohammed Siraj could be rested for the final two ODIs in Mount Maunganui to prepare for the subsequent Test series. The aforementioned players are expected to be part of both the ODI and Test squads, which could force the team management to prioritise their workload and availability for the red-ball leg of the tour. The report further claimed that India's coaching staff could be...